The leading cryptocurrency by market value, Bitcoin, has pulled back to trade near $77,800 reversing its Monday rally as the crude oil prices and the US Senate update impacted the crypto market.
Bitcoin was pulled back to trade near $77,800, after having highs above $79,000 on Monday, according to data source CoinDesk.
The cryptocurrency’s retreat followed reports that Democrats were still seeking additional changes to the Digital Asset Market Clarity Act. The move is coming despite President Trump’s reported agreement to revised ethics language in a Senate draft that Republicans circulated over the weekend and described as a final compromise.
Other cryptocurrencies like XRP (XRP), ether ETH$2,490.65, and solana (SOL) are seeing similar trends as XRP has pulled back to $1.42 from the high of $1.49, but still appeared on track to form a bullish golden crossover.
CoinDCX Research Team said the bitcoin consolidates around $77,700 after slightly rising from $76,700 during the past weekend. Meanwhile, Ethereum’s price rises above $2500, while BNB trades at $720, XRP at $1.42, Solana at $101.71, Tron at $0.33, Zcash at $1,150.33, and Hyperliquid at $79.79. The top gainers for the day are Stellar, Bitway, and Zcash, with 8.5%, 3.3%, and 3.1%, respectively. On the other hand, Filecoin drops over 11.4%, Rain by 6.6%, and Ether.fi by 4.5%. The overall market sentiment is greed, as the crypto fear index is currently at 69.
“Still only the 24th chain by stablecoin market cap, Tempo stablecoin supply has doubled and is already ahead of major blockchain ecosystems. PONS generated $48.8M worth of protocol fees in the last seven days, surpassing Circle, while Tether leads with $114.7M. World Liberty Financial proposed paying holders who lock WLFI and vote directly,” the report said.
On the other hand, Balancer holders are to vote on winding down the protocol and paying out the treasury. Besides, Sei is going EVM-only, removing hundreds of thousands of lines of Cosmos code from the protocol to make room for Giga, while Ares and Eidos are live on the mainnet with no downtime.
Bitcoin Under Pressure At $77,800 As Oil Prices Remain On Boil: What Experts Say
